Cost of preparing jollof rice rises to N9,917 per pot in September

The average cost of making a pot of jollof rice for a family of five in Nigeria increased from an average price of N9,220 in June to N9,917 in September.

This was disclosed by socioeconomic research firm, SBM Intelligence in its Jollof Index report for Q3 2022 titled “Brace for Impact”.

The report said the rising costs were induced by a lack of forex for food purchases…

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